MicroStrategy ups cash reserves to $2.19B, pauses Bitcoin buys

Strategy (MSTR) sold $747.8 million of common stock last week (SEC filing) to increase its cash reserve to about $2.2 billion, funds used to support dividends on its preferred stock. The company continues to hold 671,268 BTC (acquired for just over $50 billion), valued at roughly $60.4 billion assuming BTC ≈ $90,000. The capital raise was led by Executive Chairman Michael Saylor; MSTR stock was up ~3% premarket but remains down >40% YTD.
AI Analysis
Company sold $747.8M of common stock to raise cash (SEC filing); cash reserve now ~$2.2B for preferred dividends; holds 671,268 BTC (~$60.4B at $90k); capital raise led by Executive Chairman Michael Saylor; stock movement: +~3% premarket, -40% YTD.